Positive Systems (Whitefish) Begins Phase II of NASA Contract

Positive Systems, Inc., recent recipient of a NASA Small Business Innovation Research (SBIR) Contract, is now entering Phase II: development of the NASA-funded project. Valued at over $550,000, the contract is for research and development of precise automatic image alignment tools, which NASA will use with satellite imagery and other imagery sources. Positive Systems plans to develop a new product during this phase as well as improve their existing DIME® technology and in-house capabilities. Phase I (proof of concept) was successfully completed in 2004. Phase II will span two years, followed by Phase III (commercialization).

Positive Systems’ Principal Engineer, Cody Benkelman, is directing the development phase of this contract. Mr. Benkelman, an original founder of the company, will work with several collaborators on this project: Dr. Doug Stow from San Diego State University, Dr. Ardeshir Goshtasby from Wright State University, Dr. John Dwyer at the USGS Land Processes Distributed Active Archive Center, supporting NASA’s Earth Observing System Data and Information System, and Dr. Sue Runco at the Earth Science & Image Analysis lab at NASA Johnson Space Center.

The goals of the NASA SBIR program are to stimulate technological innovation, increase the use of small business in meeting federal R&D needs, and increase private sector commercialization of innovations derived from federally funded research.

Founded in 1990, Positive Systems Inc., provides mapping services and software for a variety of public and private sector organizations that utilize aerial imagery and mapping data for reference and communication. Positive Systems’ newest product, MapViz, created for government agencies and real estate professionals, provides an interactive view of earth imagery with selective information layers such as parcel, road, water, school zones, and other relevant data via the Internet. The organization is headquartered in Whitefish, Montana, and is currently comprised of 47 employees.

This press release may make forward-looking statements, which are subject to various uncertainties and risks that could affect their outcome. Factors, which could cause or contribute to differences include, but are not limited to, the ability to execute strategic initiatives including economic conditions, product demand and sales, ability to obtain future financing, interest rates, personnel costs increases and the ability to pass them through to customers, competition and competitors’ actions, and changes in the industry. This press release does not constitute an offer to sell or solicitation of an offer to buy Positive Systems’ securities.

MEDIA CONTACT:

Todd Twete

Vice President of Sales & Marketing

Positive Systems, Inc.

Phone: (406) 862-7745

Fax: (406) 862- 7759

Email: [email protected]

URL: http://www.possys.com